Ref: 6405

Investment

FREEHOLD TITLE OF NAVENTIS COURT, SINGLETON STREET, BLACKPOOL, LANCASHIRE

For Sale £125,000 for the freehold

  • BEING MARKETED FOR SALE IS THE FREEHOLD TITLE OF NAVENTIS COURT (27 NO. FLATS PAYING GROUND RENT)
  • PLUS THE OWNERSHIP OF THE BASEMENT FLOOR THAT IS LET OUT TO A DANCE/THEATRE SCHOOL
  • 27 NO. FLATS PAY £125 PA GROUND RENT EACH
  • BASEMENT IS LEASED OUT £6,400 PA EXC
  • COMBINED INCOME POTENTIAL: £9,775 PA

Description

We are instructed to sell: - The Freehold Title for Naventis Court. Singleton Street, Blackpool, Lancashire, FY1 5AX - A block of 27 no. residential flats, paying a ground rent each of £125 pa. - The block of flats is let by a professional property manager, who charges their fees back to the owners of the respective flats. - In addition to this, we are instructed to sell the Basement floor that is owner by our seller client and leased out. - The basement is leased to a Theatre/Dance school at a rent of £6,400 pa exc. - Therefore, the combined income potential from this investment is £9,775 pa. All interest and enquires are welcome by appointment.
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